Michael Bennet released a plan today that would invest $500 billion on initiatives to aid those without college degrees
The plan would fully subsidize six months of pay for businesses that train vulnerable populations — long-term unemployed workers, former inmates, people on public assistance and others — in addition to offering retention bonuses to businesses that hire trainees after their program ends.
Bennet says he would push to raise the minimum wage to $15 in high-cost urban areas, with a lower minimum in rural areas based on regional cost of living. But Bennet struggled Wednesday to explain how regional wages would be set under his plan. In addition, Bennet would establish direct payments to workers when unemployment spikes and expand federal food assistance by 15 percent during times of economic hardship, in addition to providing more federal help to states. The extra assistance would dwindle as the economy returned to normal.
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